Saurabh Verma (Sr. Account Executive) (59 Points)
25 August 2015If the property is vacant (GAV=0 ) for whole of the year then deduction of municipal taxes paid (i.e NAV =Negative ) is allowed or not ?????
Udgam Koomar
(Tax Technologist)
(1949 Points)
Replied 25 August 2015
one self occupied and not generating income no municipal tax credit
Saurabh Verma
(Sr. Account Executive)
(59 Points)
Replied 25 August 2015
but my question is different. if someone has a letout property but the property was vacant for whole year. then deduction on muncipal tax is allowed or not?
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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